Notable Thursday Option Activity: AMZN, NUE, WBD

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Amazon.com Inc (Symbol: AMZN), where a total volume of 282,190 contracts has been traded thus far today, a contract volume which is representative of approximately 28.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 68.8% of AMZN's average daily trading volume over the past month, of 41.0 million shares. Especially high volume was seen for the $230 strike call option expiring December 13, 2024, with 27,540 contracts trading so far today, representing approximately 2.8 million underlying shares of AMZN. Below is a chart showing AMZN's trailing twelve month trading history, with the $230 strike highlighted in orange:

Nucor Corp. (Symbol: NUE) saw options trading volume of 11,705 contracts, representing approximately 1.2 million underlying shares or approximately 64.7% of NUE's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $170 strike call option expiring April 17, 2025, with 2,506 contracts trading so far today, representing approximately 250,600 underlying shares of NUE. Below is a chart showing NUE's trailing twelve month trading history, with the $170 strike highlighted in orange:

And Warner Bros Discovery Inc (Symbol: WBD) saw options trading volume of 146,351 contracts, representing approximately 14.6 million underlying shares or approximately 47.6% of WBD's average daily trading volume over the past month, of 30.7 million shares. Particularly high volume was seen for the $12.50 strike call option expiring January 17, 2025, with 17,316 contracts trading so far today, representing approximately 1.7 million underlying shares of WBD. Below is a chart showing WBD's trailing twelve month trading history, with the $12.50 strike highlighted in orange:

For the various different available expirations for AMZN options, NUE options, or WBD options, visit StockOptionsChannel.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.